Banking Architecture

A community for discussing the latest happenings in banking IT. Credit Crunch impacting Risk Systems overall, revamp of mortgage backed securities, payment transformations, include business, technology, data and systems architecture capturing IT trends, 'what to dos?' concerning design of systems.

Anjani Kumar Principal Consultant - FS Risk & Compliance at Infosys Limited

To truly transform KYC and AML operations adopt AI and ML...

In an earlier article entitled “The unquenched longing for a transformed KYC-AML solution” I had talked about the key challenges that financial institutions (FIs) have been facing with regards to their current Know Your Customer (KYC) and Anti-Money Laundering (AML) operations. In order to overcome these considerable and lingering challenges, it h...

11 September 2017 /ai /regulation

Anjani Kumar Principal Consultant - FS Risk & Compliance at Infosys Limited

The unquenched longing for a transformed KYC and AML solution

As per the United Nations Office on Drugs and Crime (UNODC) estimate, each year, across the globe, the value of money that is laundered equate to 2 - 5% of the global GDP. In absolute term, this amounts to USD 800 billion – USD 2 trillion. Unsurprisingly then, governments and policy makers across the globe have been concerned with the rampant mena...

05 September 2017 /ai /regulation

Adedeji Olowe Trustee at Open Banking Nigeria

Dropbox banking: The backbone for Fintechs and a probable model for banking in the future

The argument about if Fintechs and Banks are frenemies would never end. And it’s justifiably so. Retail banks have a model of providing checking, savings, investment account services. Of course, they layer that with credit cards, personal loans, mortgages, etc. Fintech showing up on the scene means one thing, banks would be losers. There isn’t any...

27 June 2017 /retail

Charles Platt President, EMEA at SAP Fioneer

Neither a Producer nor a Distributor be... in your IT Philosophy

Economics can teach us a few lessons in our approach to technology set-up. From an economic perspective there is a lot of risk in being a producer. It requires commitment to fixed infrastructure — buying it, setting it up and maintaining it — in order to develop the assets to sell. Product diversity requires further expenditure on fixed infrastruct...

26 June 2017 /regulation

Sarah Jackson Director at Equiniti Credit Services

Staying agile: The key to longevity for today’s challenger banks

Despite their fragmentation, challenger banks remain united in their need for operational agility. The term ‘challenger banks’ is fast becoming a misnomer, such is the level of diversity displayed by today’s diverse range of financial services providers. At one end of the spectrum are the mobile only banks, like Atom, Monzo and Starling. These are ...

25 May 2017

Maurizio Canton 

Enabling anywhere, anytime banking with an API-driven architecture

Maurizio Canton, CTO EMEA, TIBCO Software As PSD2 drives the compulsory introduction of open APIs in banks, now is the time to go beyond compliance to achieving digital goals. Application Programming Interfaces (APIs) have stepped to the forefront as the financial sector looks to tackle its traditional reticence towards new technology. Institutio...

11 April 2017 /payments

Shriyanka Hore MD, Market Infrastructures and Standards Services at Swift

Who pays off the Technical Debt for Fintech Startups ?

'Technical Debt' - Making sense of the Metaphor In 1992 Ward Cunningham - the man who created the first Wiki coined a metaphor called 'Technical Debt' . The term later went on to be called 'Code Debt' and sometimes 'Design Debt' . Extremely revered in software engineering circles , Cunningham was seen as a pioneer for design patterns and extreme ...

03 April 2017 /regulation /startups

Retired Member 

Breaking out of the Henry T Ford approach to FS infrastructure

From our regular meetings with FS IT leaders in the UK, we know that the challenges of delivering scalable, secure and timely IT to support vastly different, yet constant, requests from across the business can at times seem overwhelming. Alongside these requests, technology and consumer behaviours are changing quickly and decisions made now could ...

24 March 2017

Retired Member 

Why, what and how banking should be opened?

Gartner defines Open Banking as the provision of services in the context of users through API platforms; app stores and apps. In simpler words, it means utilisation of open source technology which can allow third party developers to build applications and services so as to enable end customers with more control over their finances. Open Banking be...

22 March 2017

Retired Member 

Fending off fraudsters: six steps to tackling financial crime in banking today

In the financial services industry, disruptive technology is generally seen as an enabler of business growth, as well as an enhanced consumer experience. For example, blockchain ledgers have the potential to significantly speed up international payments and also revolutionise the way customer records are stored. However, the rapid advance in cyber...

17 February 2017 /security